Audit season has a way of putting every assumption and calculation under a microscope, and lease accounting under IFRS 16 is no exception. Since the standard requires detailed present value calculations, ongoing reassessments, and specific disclosures, auditors tend to focus closely on this area. Knowing what auditors typically look for can help your finance team […]
What Auditors Look for in Your IFRS 16 Lease Calculations Read More »
July 10, 2026 Maria Allen 9:56 pm There was a time when spreadsheets felt like more than enough to handle lease accounting. A few tabs, some formulas, and a shared file were all it took to keep track of lease payments and balances. But as lease portfolios have grown and standards like IFRS 16 have
From Spreadsheet Chaos to Compliance: Why Finance Teams Are Automating Lease Accounting Read More »
If you have worked with IFRS 16 for any length of time, you already know that the discount rate is one of the most important numbers in the entire lease calculation. Get it wrong, and your lease liability, right of use asset, interest expense, and depreciation will all be off. Yet many accountants still find
Choosing the Right Discount Rate Under IFRS 16: Incremental Borrowing Rate Explained Read More »
For many small and medium sized businesses, IFRS 16 can feel like a standard designed with large corporations in mind. But if your business reports under IFRS, the rules apply to you too, regardless of your size. Reporting season has a way of exposing gaps in preparation, so it helps to understand the basics well
IFRS 16 for Small Businesses: What SMEs Need to Know Before Reporting Season Read More »
IFRS 16 changed the way leases are accounted for, and even experienced accountants find it challenging to get everything right. The standard is detailed, and small oversights can lead to inaccurate reporting or compliance issues down the line. Here are five of the most common mistakes accountants make with IFRS 16 compliance, along with practical
5 Common Mistakes Accountants Make with IFRS 16 Compliance Read More »
If your finance team is still tracking leases on spreadsheets, you are not alone. Many businesses continue to manage lease accounting manually, often because it has “always worked” or because switching systems feels like too much effort. But here is the truth: manual lease accounting is rarely as cheap as it looks. It hides costs
Why Manual Lease Accounting Is Costing Your Business More Than You Think Read More »
If you work in accounting or finance, IFRS 16 is one standard you cannot afford to misunderstand. Since it came into effect in January 2019, this lease accounting standard has changed the way businesses report their leases. The biggest shift? Most operating leases now show up on the balance sheet. But before you run any
10 Terms Every Accountant Must Know Before Running an IFRS 16 Lease Calculation Read More »
Managing lease accounting used to be a job that lived inside bulky spreadsheets, long formulas, and a great deal of manual effort. Finance teams would spend hours, sometimes days, pulling together lease data, calculating present values, and making sure everything matched up correctly. Then IFRS 16 arrived and changed the entire landscape. IFRS 16, which
From Manual to Automated: The Evolution of IFRS 16 Lease Calculation in Modern Finance Read More »
Every business faces a fundamental question at some point: should we lease an asset or buy it outright? In the past, this decision was mostly about cash flow and preference. But today, with IFRS 16 in full effect, this question carries a much bigger weight. The standard has changed the way leases appear on financial
Lease vs. Buy Decisions Just Got Smarter: Using IFRS 16 Calculations to Drive Strategy Read More »
If your business operates across multiple countries, you already know that dealing with different currencies adds a layer of complexity to your financial reporting. When it comes to leases, IFRS 16 (International Financial Reporting Standard 16) adds even more to consider, especially when exchange rates keep changing. In this guide, we will walk you through
How to Handle Exchange Rate Changes When Calculating Multi-Currency Leases Under IFRS 16 Read More »
